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On the higher timeframe, $BTC macro hasn't changed.
As long as price remains below this macro downtrend, bounces are technically still counter-trend and lack higher timeframe confirmation.
Relief rallies can happen, but they don’t shift the broader structure.
The real change only comes once BTC breaks and starts trending outside this downtrend channel.
That’s when the macro picture becomes constructive.
Until then, the dominant trend remains intact.
#BTC #BTCUSDT